By Katie Urbaszewski
Austin Community Newspapers Staff
Developers have begun the process of trying to build on the Marshall tract in Lost Creek.
The vacant, undeveloped 37-acre property is currently zoned for houses only, but now Atlanta-based Cousins Property Inc. is beginning the process of asking the city of Austin to rezone it. Developers said they are interested in building an office complex and possibly selling part of the land for an assisted living center or to the city of Austin for a fire station as part of the city’s annexation plan.
Cousins Property has filed a formal development assessment, the first step in the rezoning process. The developer is estimated to file site plans in October, and the Austin City Council is expected to vote on the rezoning and project early next year, city spokeswoman Sylvia Arzola said.
The land is currently owned by Dan Marshall, and Cousins has it under contract, said Tim Hendricks, Cousins’ senior vice president.
Read more by clicking link below:
http://www.statesman.com/news/news/local/developers-plan-loop-360-office-building/nhJK8/
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